Why Are Investors Piling Into These Five Stocks Today?

Shares of Tronox Ltd (NYSE:TROX), a leader in the production, mining, and marketing of inorganic chemicals and minerals, are up by 16% after the company announced it will raise the global price for all of its titanium dioxide grades by $150 per metric ton effective January 1, 2016. With the rally today, investors are hoping that Tronox Ltd (NYSE:TROX)’s margins will head North. Given the 14.37% of the float that is on ‘borrow’, short covering could also be playing a part in the rally. A total of 12 funds amassed 9.8% of the company’s outstanding stock as of the end of September.

Perhaps following in Tronox’s footsteps, Chemours Co (NYSE:CC) also announced that its subsidiary, Chemours Titanium Technologies, will increase the global price of all its Ti-Pure titanium dioxide grades by $150 per metric ton as of January 1, 2016. If each supplier raises its prices by the same amount, buyers will have no choice but pay a higher rate. According to our data, 24 smart money investors are long 14.7% of Chemours Co (NYSE:CC)’s float as of the end of the third quarter.

Wrapping up our list is Lithium producer Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM), whose shares have surged by 9.5% on the news that an indirect shareholder has begun the process of entertaining bids for its holding. Oro Blanco said on Friday that it is considering selling Pampa Calichera, which in turn owns approximately 20% of Sociedad Quimica y Minera de Chile (ADR) (NYSE:SQM). With the rally today, investors are speculating that the indirect sale of a part of SQM would value SQM higher. Paul Singer’s Elliott Management owned 1.97 million shares of the company, according to its latest 13F filing.

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